PMP Practical Exercises (PMBOK® Guide Fifth Edition)

PMP Practical Exercises (PMBOK® Guide Fifth Edition)

Existing project managers pursuing certification in recognition of their skills and experience, or others training to become accredited project managers

Prerequisite
None

Expected Duration
67 minutes

Description
In preparation for the PMP exam, this course offers practice using the formulas for earned value management, communication channels, and make or buy analysis; and how to use a control chart and identify when a process is out of control.

Objective

PMP Practical Exercises

calculate the planned value and earned value, given the budget, % of time passed and % of work completed

calculate the schedule variance and schedule performance index, given the earned value and planned value

calculate the cost variance and cost performance index, given the earned value and actual costs

determine project performance, given a set of raw data points

utilize work performance data to determine project performance

determine the estimate at completion, using the formulas for scenarios 1 and 2

recognize how the choice of EAC formula depends on the project situation

use a control chart to determine when a process is out of control

calculate the number of communication channels, given the number of members on a team